Backreef-1 was a dry hole - a duster at the primary target.
You can't down play a dry hole... it IS a dry hole
As for what may lie underneath it in the bowels of the Fitzroy Trough... cough up the $$ and I am sure Neil will want to drill there. But I doubt given the Australian onshore rig market, the state of repair of the average rig and the competancy of the crews, it may be a 3-4 month well to get to 4000+ metres, proably a total cost of 40 Mill.
your call
Backreef-1 was a dry hole - a duster at the primary target.You...
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